Deutsche Bank report:
“the bulk of the companies [SMEs in Germany] squander the sizeable efficiency
gains that come with the introduction of digital invoices. According to
estimates by researchers at the University of Hannover, the German
economy offers total cost-savings potential of around EUR 54 bn,
mainly in more efficient processes, i.e. in the immediate further processing
of invoice data in company bookkeeping and controlling
systems. Why don’t more companies make use of digital invoicing?"
How about some action? The situation is the same in all countries. And only banks can deliver a cost efficient and generic networked solution for SMEs. Saving 54 billions a year should provide for a decent business case.